What is Recurring Deposit or Cumulative Time Deposits?
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What is Recurring Deposit or Cumulative Time Deposits?

What is Recurring Deposit or Cumulative Time Deposits?
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What is Recurring Deposit or Cumulative Time Deposits?

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Recurring Deposit or Cumulative Time Deposit : In recurring deposits, the depositor deposits a fixed amount (in a multiple of Rs. 5 or Rs. 10) every month for a specified number of months, at the end of which he will get back the sum deposited by him along with compound interest. Recurring deposits, generally range for a period of 6 months to 10 years.

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